Venezuelan President Uses Crypto to Evade Sanctions
Venezuelan political critics accused President Nicolás Maduro and his government of increasingly relying on cryptocurrency transactions in an attempt to evade international sanctions. The United States recently reinstated gold and oil sanctions due to Maduro's failure to ensure a fair agreement for the July elections. Chainalysis analysis shows that the Venezuelan National Cryptocurrency Supervision Bureau (SUNACRIP) is transferring large amounts of stablecoins, which can promote financial operations even under sanctions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Mining Difficulty Hits New All-Time High
Bitcoin mining difficulty reaches a record high, signaling stronger network security and rising confidence.Stronger Than Ever: What This Milestone MeansWhy It’s Bullish for BitcoinThe Bigger Picture
GMGN Earns $60M in SOL, Powers Solana Growth
GMGN earns $60M in SOL fees, stakes all to support Solana. Transaction speed hits 0.58 seconds.GMGN Stakes $60M to Boost SolanaSolana’s Speed Keeps ClimbingConfidence in the Ecosystem
Phaver Shuts Down as Token Crashes 99% Since TGE
Phaver shuts down after a 99% token crash. Costly listings and no token sales left the team without enough funds to continue.The Fall of Phaver: What Went Wrong?Massive Costs, No RevenueLessons for Web3 Startups
Why the Bitcoin Halving Cycle Is Far From Over
Bitcoin bull markets usually peak 500 days after halving. Here's why there's still time to capitalize.The Cycle Isn’t Over YetUnderstanding the 500-Day PatternHold Steady, Don’t Panic
Trending news
MoreCrypto prices
More
